If the Capital Stock Remains Fixed While the Supply of Labor

question 156

Multiple Choice

If the capital stock remains fixed while the supply of labor increases, it is likely that:

• A) the marginal productivity of labor will not change.
• B) the average product of labor will fall.
• C) the average product of labor will increase.
• D) the average productivity of labor will not change.

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Definitions:

Color

A characteristic of light perceived by the human eye, determined by the light's wavelength or composition, integral to visual experience and communication.

Arshile Gorky

A seminal Armenian-American painter, associated with the early movement of abstract expressionism, known for his influential and emotionally charged works.

Performance Art

An American avant-garde art trend of the 1960s that made time an integral element of art. It produced works in which movements, gestures, and sounds of persons communicating with an audience replace physical objects. Documentary photographs are generally the only evidence remaining after these events. See also Happenings.

Francis Bacon

A British painter known for his bold, grotesque, emotionally charged, and raw imagery.